NEW YORK, July 26, 2024 /PRNewswire/ -- The global
satellite internet market size is estimated to grow by
USD 7.04 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 20.99% during the forecast period. Growing number of iot
devices is driving market growth, with a trend
towards increasing deployment of 5G network.
However, influence of bad weather on satellite internet
poses a challenge. Key market players include ASELSAN AS, AT
and T Inc., AXESS Network Solutions S.L., Cobham Ltd., EchoStar
Corp., General Dynamics Corp., Honeywell International Inc., Hytera
Communications Corp. Ltd., Indra Sistemas SA, Inmarsat Global Ltd.,
Israel Aerospace Industries Ltd., L3Harris Technologies Inc.,
Leonardo Spa, Marlink SAS, RTX Corp., SES SA, Singapore
Telecommunications Ltd., SITA, Space Exploration Technologies
Corp., Thaicom Public Co. Ltd., Thales Group, and Viasat Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (K-band, X-band,
L-band, and C-band), End-user (Commercial and Non-commercial), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
ASELSAN AS, AT and T
Inc., AXESS Network Solutions S.L., Cobham Ltd., EchoStar Corp.,
General Dynamics Corp., Honeywell International Inc., Hytera
Communications Corp. Ltd., Indra Sistemas SA, Inmarsat Global Ltd.,
Israel Aerospace Industries Ltd., L3Harris Technologies Inc.,
Leonardo Spa, Marlink SAS, RTX Corp., SES SA, Singapore
Telecommunications Ltd., SITA, Space Exploration Technologies
Corp., Thaicom Public Co. Ltd., Thales Group, and Viasat
Inc.
|
Key Market Trends Fueling Growth
Telecommunication service providers and network device
manufacturers are exhibiting growing interest in deploying 5G
networks due to their larger bandwidth and ultra-fast Internet
connectivity with low latency. These features will significantly
enhance enterprise performance. However, satellite internet can
complement 5G by providing backhaul services in areas where
physical infrastructure installation is challenging. The increasing
traffic and number of IoT devices outside densely populated cities
also make satellite internet essential. These factors are expected
to boost the global satellite internet market during the forecast
period. The 5G network's superior capabilities and satellite
internet's ability to extend connectivity to remote areas will
drive market growth.
Satellite Internet market is on the rise, providing connection
to remote places and rural areas where terrestrial networks fail.
With speeds reaching Megabits per second, satellite communication
offers high-speed broadband services in mountainous regions and
over oceans. This global connectivity is crucial for digitized
economies, public safety & security, and critical
infrastructure. Healthcare organizations in remote areas benefit
from telemedicine, enabling seamless communication between
hospitals and patients. Broadband traffic is increasing, making
satellite Internet an essential alternative for communities in
need. Satellite telecommunications providers ensure seamless
connectivity for maritime, aviation, and disaster management
scenarios. The satellite industry bridges the digital divide,
delivering broadband networks to areas previously unserved or
underserved.
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Market Challenges
- The satellite internet market faces a significant challenge due
to temperature limitations affecting some systems. For instance,
SpaceX's Starlink constellation shuts down when temperatures reach
122 degrees Fahrenheit and resumes operation at 104 degrees
Fahrenheit. This issue poses a problem for potential customers
residing in hot areas, potentially rendering satellite internet
systems ineffective during warm periods. Vendors must prioritize
developing climate-adaptive satellite internet systems to cater to
diverse environmental conditions and meet customer demands,
ensuring a viable solution for the global satellite internet
market.
- The Satellite Internet Market faces several challenges in
providing real-time communication and high-quality digital
services. Satellite technology advancements, such as high-capacity
satellite constellations, are essential to improve bandwidth
capabilities and increase internet speeds for better user
experience. However, bandwidth limitations and infrastructure
challenges remain, especially in areas affected by natural
disasters. OneWeb and Eutelsat merger aim to expand satellite
capacity and improve data transfer rates, but cost remains a
significant barrier. Satellite operators, integrators, service
providers, investors, and funders collaborate to address
infrastructure challenges and offer up-to-date information and
high-speed network connectivity. Satellite infrastructure is
crucial for educational opportunities, healthcare services,
economic development, communication capabilities, social inclusion,
and equality. However, satellite capacity congestion and network
management systems require international coordination. Satellite
Internet is vital for Marine connectivity, especially in remote
areas, and for businesses in Orbit, LEO, and Wireless network
industries. Satellite dishes provide access to Earth's high-speed
internet, offering alternatives to land-based broadband services
like Cable, Voice, and Video. Satellite technology continues to
evolve, offering opportunities for investors, funders, and service
providers to meet the growing demand for reliable and affordable
satellite internet.
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challenges - Download a Sample Report
Segment Overview
This satellite internet market report extensively covers market
segmentation by
- Type
- 1.1 K-band
- 1.2 X-band
- 1.3 L-band
- 1.4 C-band
- End-user
- 2.1 Commercial
- 2.2 Non-commercial
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 K-band- The
K-band segment holds a significant market share in the global
satellite internet industry. This growth can be attributed to the
increasing usage of K-band frequency in defense, broadcasting, and
security radar systems. K-band monolithic microwave integrated
circuits (MMICs) are a rising trend, enabling the production of
low-noise amplifiers and K-band power amplifiers at large scale,
with lower costs and high durability. These advancements are
anticipated to boost the market expansion during the forecast
period. K-band frequency is primarily utilized for wireless
broadband access in remote locations and is employed in
local-multipoint distribution systems (LMDS), fixed satellites, and
digital point-to-point radio services. K-band MMICs are
increasingly adopted in applications such as terrestrial
microwaves, broadcasting, communications, and speed detectors. For
instance, China Aerospace Science and Technology Corporation (CASC)
launched Chinasat 19, a high-power communications satellite, in
November 2022, which utilizes K-band
frequency for broadband internet services. Additionally, Viasat
delivered 22 Ka-band gateways to India between October
2020 and October 2022,
facilitating connectivity in underserved areas during the COVID-19
pandemic. These factors are expected to fuel the growth of the
K-band segment in the global satellite internet market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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reports
The global Low-Cost Satellite Market is witnessing significant
growth, driven by advancements in technology and increasing demand
for cost-effective space solutions. The Leo-Satellite Market is
expanding rapidly, with low Earth orbit satellites gaining
prominence for their ability to provide global internet coverage
and real-time data. Additionally, the Satellite Phone Market is
evolving, fueled by the need for reliable communication in remote
areas. Together, these markets highlight a trend towards more
affordable and accessible space technologies, promising enhanced
connectivity and communication capabilities worldwide.
Research Analysis
Satellite Internet, a vital component of satellite
communication, offers global connectivity with high-speed
capabilities, bridging the digital divide in remote areas. Space
technology enables this service, providing uninterrupted
communication networks in regions where terrestrial infrastructure
is lacking. With increasing bandwidth capabilities, satellite
Internet is becoming a viable alternative for businesses and
individuals in various sectors, including education, healthcare,
and economic development. OneWeb and Eutelsat's merger are recent
developments in the industry, focusing on expanding their reach and
improving network management systems. However, challenges such as
congestion, natural disasters, and infrastructure limitations
persist. International coordination and collaboration are essential
to ensure efficient use of resources and mitigate potential issues.
Additionally, satellite Internet plays a crucial role in Marine
connectivity, enhancing communication capabilities and social
inclusion. The industry continues to evolve, with satellite
operators exploring new Orbits, such as Low Earth Orbit (LEO), to
improve performance and reduce latency.
Market Research Overview
Satellite Internet refers to high-speed connection networks that
utilize satellite communication for global connectivity. This
technology provides seamless communication in remote locations,
maritime, and aviation industries, as well as during disaster
management and emergency response scenarios. Satellite technology
advancements, such as high-capacity satellite constellations, have
increased bandwidth capabilities, enabling real-time digital
services. However, satellite infrastructure faces challenges,
including cost, infrastructure limitations, and congestion.
Satellite Internet is crucial for bridging the digital divide in
rural areas and mountainous regions, offering alternatives to
terrestrial networks like cable and DSL. With the advent of OneWeb,
Eutelsat merger, and other satellite operators, satellite capacity
is expanding, leading to improved user experience and increased
internet speeds. Satellite technology is essential for various
sectors, including education, healthcare services, economic
development, and social inclusion. It enables up-to-date
information transfer, real-time communication, and critical
infrastructure protection. Satellite Internet is also vital for
public safety & security, broadband networks, and businesses
operating in oceans, mountains, and remote places. Satellite
infrastructure development requires international coordination,
investors, funders, integrators, and service providers. The
integration of wireless networks, such as LEO (Low Earth Orbit) and
GEO (Geostationary Earth Orbit), is crucial for providing
high-speed network connectivity to meet the demands of the
digitized economy. Satellite Internet offers significant benefits,
including improved communication capabilities, increased social
inclusion, and equality. However, it faces challenges, such as
bandwidth limitations, satellite infrastructure costs, and natural
disasters. Despite these challenges, satellite technology continues
to advance, offering promising solutions for providing internet
access to underserved areas and industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- K-band
- X-band
- L-band
- C-band
- End-user
-
- Commercial
- Non-commercial
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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